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When signing up for an account with an exchange, you will have to prove your identity by yes, buying, trading and owning cryptocurrency is entirely legal in the uk.
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The lack of legal status does not mean that there are no legal bases to regulate the cryptocurrency. Although the uk has no specific cryptocurrency laws , cryptocurrencies are not considered legal tender and exchanges have registration requirements. However, using a uk bank account to buy bitcoin and other cryptocurrencies can be problematic: The uk has been well established as one of the leaders in fintech innovation, and the place to be for financial entrepreneurs; Based on our reviews, we've created a.
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However, not all uk banks treat crypto equally.
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